Shanghai aluminum short-term strong volatility, market transaction demand is weak

Today's Shanghai aluminum high operation, although domestic aluminum ingot inventory is still accumulating to pressure aluminum prices, but the intraday market atmosphere is still good, and there are rumors that real estate policies are expected to relax, boosting market sentiment, short-term aluminum prices are strong shocks
.

Today's Lun aluminum low volatility, LME three-month Beijing time at 15:01 at 2665 US dollars / ton, down 18 US dollars, or 0.
67%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18910-18950 yuan / ton, up 390 yuan; Guangdong South Reserve reported 19000-19060 yuan / ton, up 360 yuan; Hua reported 18950-18990 yuan / ton, up 390 yuan
.
The cargo holder sells at a high price, the receiver buys at a low price, the overall trading atmosphere is general, and the transaction demand is relatively light
.

There is a lot of macro data this week, and China's economic data as a whole tends to be dominated
by monetary easing.
From a fundamental point of view, after the NDRC's continuous crackdown on coal price speculation caused by market distance fluctuations, aluminum price volatility continued to slow down this week, and it is expected to enter range volatility
.
From the perspective of futures, Hulun aluminum is expected to enter a wide consolidation trend
.
The disturbance factors of coal prices and electricity prices gradually subsided, and the market returned to focusing on the weak situation of supply and demand in fundamentals
.
Pay attention to aluminum prices to find a consolidation price center of
gravity.
Next week, aluminum prices are expected to continue to fluctuate and consolidate
.